Insights
What is the BC Property Tax Deferment program?
The BC Property Tax Deferment program is a lower-interest loan program offered by the province of BC for those in need. The province will pay your municipal property tax bill and charge you competitive interest rates for the money loaned to you.
The Tax-Free Savings Account: Don’t judge an account by its name.
The TFSA can be an very powerful tool for wealth generation. Investment income earned inside your TFSA (interest, dividends, and capital gains) do not create an income tax liability. Gains are truly tax-free.
Should I add my adult child as a joint owner of my assets?
Several times a year, I receive questions from clients about adding an adult child as a joint owner of their assets. This could be bank accounts, investment accounts, or even as a joint owner of their home.
The Tax-Free Savings Account
The TFSA can be a very powerful tool for wealth generation. Investment income earned inside your TFSA (interest, dividends, and capital gains) do not create an income tax liability. Gains are truly tax-free.